A Once Unstoppable Luxury Housing Market Is Starting to Crack
byu/McFatty7 inREBubble
Pending U.S. home sales fell 1% year over year as mortgage rates ticked up after nine straight weeks of declines. Some would-be buyers are hesitant due to economic uncertainty, including jitters about potential layoffs and the government shutdown.
Pending U.S. home sales fell roughly 1% from a year earlier during the four weeks ending September 28, the biggest decline in nearly five months. On a local level, pending sales fell in 30 of the 50 largest U.S. metro areas, led by Houston (-15.4% year over year), Denver (-12.3%) and Las Vegas (-11.2%).
Home Sellers Are Cutting Prices at a Record Rate to Lure Skittish Buyers
There is no housing shortage.
Its made up propaganda by the housing industry to encourage house hoarding/speculation, let me explain
They assign some made up target vacancy rate of 13% and then pretend we need to be at that to have a functioning housing market.… pic.twitter.com/aVKqPQKS9r
— Darth Powell (@VladTheInflator) October 1, 2025